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senator harry reid calling for more tax increases. in an interview on abc yesterday, he said tax revenue must be part of any deal to be part of the little defense cuts. here is senator reid. >> the american people are on our side, and america people don't believe in these things. we believe the rich should contribute. stuart: relieve the rich should contribute, tax the rich. president obama pushing for more tax increases yesterday. in an interview on cbs before the super bowl he said there is no doubt that government needs new relation. he promises strong economic growth this year coming on the heels of an economic contraction in the fourth quarter along with the rise in the unemployment rate. and everybody's taxes already went up as of january 1, taxes may go up some more. from taxes to the market. the dow above 14,000 for the first time since 2007 friday afternoon. let's bring in nicole. it is not like it was going to hold at 14,000, now futures are down, how much are they down? nicole: you can see the down arrows, 69 points pulling
senator harry reid calling for more tax increases. in an interview on abc yesterday, he said tax revenue must be part of any deal to be part of the little defense cuts. here is senator reid. >> the american people are on our side, and america people don't believe in these things. we believe the rich should contribute. stuart: relieve the rich should contribute, tax the rich. president obama pushing for more tax increases yesterday. in an interview on cbs before the super bowl he said...
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i think harry reid is a difficult position. he wants obviously something to move forward that helps address part of the problem and i think if you look at 2014 and you look at the midterm elections, look at key states where democrats have to defend, red states, alaska, west virginia is an open seat, arkansas, these are rural states where the democrats have a different perspective on gun rights and have a better relationship, if you will, with the nra. that being said, i think everyone has come to terms that something needs to be done and the question is what can be done, what should be done, then also, what can pass not just the senate, by the way, but also the house. that's why i think you are seeing this movement towards not universal background checks. i personally don't like that term because i think it exaggerates what the reality is. we're talking about criminal background checks, strengthening what is already in place so that it's fair and balanced for everyone. >> one thing, though, with the senate and dianne feinstein
i think harry reid is a difficult position. he wants obviously something to move forward that helps address part of the problem and i think if you look at 2014 and you look at the midterm elections, look at key states where democrats have to defend, red states, alaska, west virginia is an open seat, arkansas, these are rural states where the democrats have a different perspective on gun rights and have a better relationship, if you will, with the nra. that being said, i think everyone has come...
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that have kept -- that's kept harry reid in office there. and there seems to be a recognition by some donors that you can't let the most extreme elements run your party. >> so let's see how the gun debate fits into this next story. a group of republican donors is rolling out a new effort to try and fend off tea party challengers who say they're hurting the gop's chances of taking control of the senate. it's called a conservative victory party. and it's backed by karl rove and the super pac american crossroads. their aim, to institutionalize the buckley rule by supporting in primaries the most conservative candidate who can actually win a general election. the new effort is meant to be a counterweight to more hard-line conservative groups that have spent big money on primary challengers to their liking. the organization is already eyeing seats being vacated by democratic senator tom harkin of iowa and republican senator saxby chambliss of georgia. i'm just wondering, do you need to -- is the same well where you want to go to renew the republi
that have kept -- that's kept harry reid in office there. and there seems to be a recognition by some donors that you can't let the most extreme elements run your party. >> so let's see how the gun debate fits into this next story. a group of republican donors is rolling out a new effort to try and fend off tea party challengers who say they're hurting the gop's chances of taking control of the senate. it's called a conservative victory party. and it's backed by karl rove and the super...
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senate majority leader harry reid had this to way about menendez yesterday. >> i have confidence he did nothing wrong, but that's what investigations are all about. he has been and will be a great member of that committee. >> jennifer: i would love to get both of your takes on this very quickly. what is going on here? and how steady is his support? >> this is careless at best sloppy at best when you are flying on a corporate jet and not paying you are doing something wrong. i think there has to be a complete ethics investigation. >> jennifer: jason? >> unless they can find the underage prostitutes this is going to blow over. if they can't find the young women nothing is going to happen. >> jennifer: and to our viewers who may not be aware of this a lot of blogs are suggesting that those flights have led to underage sex stuff but nothing has been proven about that. bill press and jason johnson thank you so much for coming inside "the war room." up next cover your mouth and shield your lungs, coal is making a comeback. china is in a race to see how quickly it can destroy its clean air, bu
senate majority leader harry reid had this to way about menendez yesterday. >> i have confidence he did nothing wrong, but that's what investigations are all about. he has been and will be a great member of that committee. >> jennifer: i would love to get both of your takes on this very quickly. what is going on here? and how steady is his support? >> this is careless at best sloppy at best when you are flying on a corporate jet and not paying you are doing something wrong. i...
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senate majority leader harry reid says he's thinking bin doresing the backed checks but he's not to too ke, n on a ban on assault weapons. martha: he suggested that might not good over too well with his constituents. thank you very much. >> more on that now. republicans not the only ones questioning gun control measures. even the senate's top democrat is not sold on the idea. senate majority leader harry reid says he's willing to push for mow extensive background checks but he's not sure if he'll actually vote to bana salt weapons and high capacity a ammunition magazines, take a listen. >> i didn't volt for the assault weapons last night because it didn't make sense. i'll take a look eight. we need to take a look at federal trafficking. i think that everyone acknowledges we should do background checks. >> reareid must strike a delicate balance while following the president's lead without alienating nevada's balance. >> a navy seal was gunned down thousands of miles from any battlefield. chris kyle and a friend were shot and killed at a gun range in texas over the weekend. he served four
senate majority leader harry reid says he's thinking bin doresing the backed checks but he's not to too ke, n on a ban on assault weapons. martha: he suggested that might not good over too well with his constituents. thank you very much. >> more on that now. republicans not the only ones questioning gun control measures. even the senate's top democrat is not sold on the idea. senate majority leader harry reid says he's willing to push for mow extensive background checks but he's not sure...
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now under the leadership of harry reid and president obama, it's not able to pass a budget. it's not a problem with the senate. it's not a problem getting 51 senators. they've done it for decades. the problem is that no one in washington on the other side of the aisle wants to take leadership for how to get us out of the fiscal mess we're in. and not this year's fiscal mess. the mess that extends out 20, 30, 40 years. the president's budget last year never, ever, ever balanced. you can't do that. those numbers don't add up. >> all right. let's bet back to this sequester here. it comes at a time when we just learned that fourth quarter gdp was horrible compared to what we saw in the third quarter. the stock market seems to feel like things are getting back to normal, the economy's on the mend. is this the time to allow these spending cuts to take effect automatically that could take out a number -- "the new york times" says it could cost a million jobs in the economy right now. isn't this the time to think about an alternative of some kind? >> absolutely. the senate has not t
now under the leadership of harry reid and president obama, it's not able to pass a budget. it's not a problem with the senate. it's not a problem getting 51 senators. they've done it for decades. the problem is that no one in washington on the other side of the aisle wants to take leadership for how to get us out of the fiscal mess we're in. and not this year's fiscal mess. the mess that extends out 20, 30, 40 years. the president's budget last year never, ever, ever balanced. you can't do...
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a ban on weapons, according to a wreak -- and aid from harry reid. the president of the nra appeared on "fox news sunday," talking not only about the president's picture the surface recently shooting skeet, but gun-control matters. here is what he had to say. [video clip] >> it is the same thing from the campaign -- they cover the country with messages like obama is not going to take your guns, but now he is trying to take away your guns. have you looked at the feinstein bill? that is exactly what he has done. i think of what they will do is turn this universal check on the law-abiding into a universal registry of law-abiding people, law abiding people do not want that. >> forgive me, sir, you take something that is here and say that it will go all the way over there. there is no indication. i can understand that you are saying that that is the threat, but nothing from the -- but nothing from the administration indicates that. >> obama care was not a tax until they needed to be a tax. >> that was the supreme court. host: weighing in on the conversati
a ban on weapons, according to a wreak -- and aid from harry reid. the president of the nra appeared on "fox news sunday," talking not only about the president's picture the surface recently shooting skeet, but gun-control matters. here is what he had to say. [video clip] >> it is the same thing from the campaign -- they cover the country with messages like obama is not going to take your guns, but now he is trying to take away your guns. have you looked at the feinstein bill?...
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even among some democrats like senate majority leader harry reid. he was asked this weekend if he would support it. >> i don't know, i didn't vote for the assault weapons last time because it didn't make sense. but i'll take a look at it. i think everyone acknowledges we should do something with background checks. >> reporter: president obama seemed to acknowledge a law requiring background checks for all gun purchases is more likely to clear congress. >> the vast majority of americans, including a majority of gun owners, support requiring criminal background checks for anyone trying to buy a gun. >> reporter: but the nra is not on board. >> i think what they'll do is turn this universal check on the law abiding into a universal registry of law-abiding people. >> reporter: that wasn't always wayne la pierre's position. a group of more than 800 mayors ran this ad in washington, d.c. during the super bowl. drawing attention to the group's past support for universal background checks. >> no loopholes anywhere for anyone. >> reporter: and president obam
even among some democrats like senate majority leader harry reid. he was asked this weekend if he would support it. >> i don't know, i didn't vote for the assault weapons last time because it didn't make sense. but i'll take a look at it. i think everyone acknowledges we should do something with background checks. >> reporter: president obama seemed to acknowledge a law requiring background checks for all gun purchases is more likely to clear congress. >> the vast majority of...